In the decentralized exchange Uniswap, you will be able to exchange one ERC-20 token for another ERC-20 token, however, it is still not possible for Uniswap to exchange any ERC-20 token for any BEP-20 token and vice versa. This is where the real problem comes in, as popular decentralized exchanges like Uniswap and PancakeSwap allow transfers within a single blockchain.
Upgradation is necessary and is inevitable. Though all of these technological advancements are new, they still require updating. One such update is Hashbon Rocket, which, theoretically saying, is the newest generation of decentralized exchanges. Hashbon Rocket enables the cross-chain exchange as it supports the exchange of any ERC-20 token for any BEP-20 token and vice versa. This is what you call a true decentralized cross-chain exchange.
Founded back in the year 2016, the major purpose of Hashbon Rocket is the transformation of the crypto-payment centralized finance market for all. In 2021, the company made an announcement regarding the expansion of the services of the company to the Hashbon Rocket FiRe ecosystem that stands for Finance Reinvented and launched CDEX, Hashbon Rocket. In February 2021, Hashbon Rocket issued 1,000,000,000 HASH tokens enabling their users to gain access to special features. On August 5, 2021, Hashbon Rocket successfully managed to launch the Pre-Sale and made an announcement that its soft cap has reached USD 500,000.
Most probably now, you must be thinking about how Hashbon Rocket makes it possible for individuals to transfer ERC-20 and BEP-20 tokens. Well, it should be noted that the Hashbon Rocket system is utilized by a liquidity provider to set the trading pair that ensures the transfer between two blockchains with the use of smart contracts.
Following this, the client will then be transferring tokens to one chain and will be getting tokens from another chain with the network of Arbiters then validating the deal and carrying out any needed communication required across the chains.
Talking about the advantages of Hashbon Rocket over its rivals, there are several perks of using Hashbon Rocket instead of other decentralized exchanges.
Apart from this, the major advantage of Hashbon Rocket is its capability to allow exchanges across multiple blockchains. Classic decentralized exchanges like Uniswap, PancakeSwap, and other exchanges support only single blockchain transfers.
In addition to this, we should lay an emphasis on the fact that Hashbon Rocket allows anyone to become an arbiter and begin voting on transactions, ultimately making the system completely decentralized. Moreover, Hashbon Rocket allows its users to extend support to an unlimited number of tokens, which is a distinct feature in itself.
HASH token is the one that represents this project and it has several use cases on the platform. As revealed, at the time of exchanging tokens present on two varying blockchains, the user is required to pay the exchange commission in HASH tokens.
You will be advantageous over other arbitraries if you buy more HASH, as the more HASH you hold, the more weightage would be given to your vote. On the other hand, there are stakers, who stake their tokens to receive a consistent return on their asset.